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Market extends gain in second week despite weak global cues, FII selling

On the Sensex, Reliance Industries added the most in terms of market value, followed Infosys, Bharti Airtel and Housing Development Finance Corporation last week.

November 13, 2021 / 10:32 AM IST
Market started the week on positive note but remained under selling pressure for next three sessions amid weak global cues and continues FIIs selling, however, on Friday the market regained the losses to finish the week with a percent gain.
Market started the week on a positive note but remained under selling pressure for the next three sessions amid weak global cues and continued FII selling. On Friday, the market regained the losses to finish the week with 1 percent gain.
In the last week, BSE Sensex rose 619.07 points (1.03 percent) to close at 60,686.69, while the Nifty50 added 186 points (1.03 percent) to close at 18,102.8 levels.
In the last week, BSE Sensex rose 619.07 points (1.03 percent) to close at 60,686.69, while the Nifty50 added 186 points (1.03 percent) to close at 18,102.8 levels.
BSE Mid-cap Index rose 1.4 percent supported by Bharat Electronics, CRISIL, Muthoot Finance, Whirlpool of India, Cholamandalam Investment, ICICI Securities and Jubilant FoodWorks. However, Bharat Heavy Electricals, Sun TV Network, Gland Pharma, Jindal Steel & Power, Godrej Properties, Oberoi Realty and REC fell 5 percent each.
BSE Mid-cap Index rose 1.4 percent supported by Bharat Electronics, CRISIL, Muthoot Finance, Whirlpool of India, Cholamandalam Investment, ICICI Securities and Jubilant FoodWorks. However, Bharat Heavy Electricals, Sun TV Network, Gland Pharma, Jindal Steel & Power, Godrej Properties, Oberoi Realty and REC fell 5 percent each.
The BSE Large-cap Index rose 1.32 percent supported by the Adani Total Gas, Adani Enterprises, Adani Transmission, Adani Green Energy and Hindustan Petroleum Corporation. Losers included IndusInd Bank, Divis Laboratories and Godrej Consumer Products.
The BSE Large-cap Index rose 1.32 percent supported by the Adani Total Gas, Adani Enterprises, Adani Transmission, Adani Green Energy and Hindustan Petroleum Corporation. Losers included IndusInd Bank, Divis Laboratories and Godrej Consumer Products.
The BSE Small-cap index added 1 percent with Cerebra Integrated Technologies, Monte Carlo Fashions, Aurum Proptech, SREI Infrastructure Finance, Subex, KPIT Technologies, Rushil Decor and NIIT jumped upto 32 percent. However, Vikas WSP, NGL Fine Chem, Hexa Tradex, GTL Infrastructure, Godawari Power & Ispat, Chaman Lal Setia Exports and ALLSEC Technologies fell 13-29 percent.
The BSE Small-cap index added 1 percent with Cerebra Integrated Technologies, Monte Carlo Fashions, Aurum Proptech, SREI Infrastructure Finance, Subex, KPIT Technologies, Rushil Decor and NIIT jumped up to 32 percent. However, Vikas WSP, NGL Fine Chem, Hexa Tradex, GTL Infrastructure, Godawari Power & Ispat, Chaman Lal Setia Exports and ALLSEC Technologies fell 13-29 percent.
On the BSE Sensex, Reliance Industries added the most in terms of market value, followed Infosys, Bharti Airtel and Housing Development Finance Corporation in the last week. On the other hand, HDFC Bank, State Bank of India and IndusInd Bank lost the most in term of market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
On the BSE Sensex, Reliance Industries added the most in terms of market value, followed by Infosys, Bharti Airtel and Housing Development Finance Corporation in the last week. On the other hand, HDFC Bank, State Bank of India and IndusInd Bank lost the most in terms of market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
On the sectoral front, Nifty IT and Energy indices outperformed with over 2 percent gain. However, the Nifty Bank and Nifty PSU Bank indices underperformed.
On the sectoral front, Nifty IT and Energy indices outperformed with over 2 percent gain. However, the Nifty Bank and Nifty PSU Bank indices underperformed.
In the last week, foreign institutional investors (FIIs) sold equities worth of Rs 3,317.16 crore, while domestic institutional investors (DIIs) bought equities worth of Rs 5,887.66 crore. In the month of November 2021 till now FIIs sold equities worth Rs 4,004.01 crore and DIIs purchased equities worth of Rs 6,231.48.
In the last week, foreign institutional investors (FIIs) sold equities worth of Rs 3,317.16 crore, while domestic institutional investors (DIIs) bought equities worth of Rs 5,887.66 crore. In November 2021 FIIs sold equities worth Rs 4,004.01 crore and DIIs purchased equities worth of Rs 6,231.48.
In the last week, the Indian rupee ended flat at 74.44 on November 12 against its November 4 closing of 74.45.
In the last week, the Indian rupee ended flat at 74.44 on November 12 against its November 4 closing of 74.45.
Rakesh Patil
first published: Nov 13, 2021 09:45 am

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